» 0.13. Write a note on Social Audit, [B.Com (Hons) 2000, 2004, 2006, 2008, 2015, B.Com (Gen) 2008, 2013, 2015] Social audit may be defined as evaluation of social erformance of an organisation, i.e, whether r the organisation has passed on benefi ts equivalent to the cost imposed by it on the Society. It is a way of measuring, understanding, Teporting and improving an organiza- tion's performance towards meeting its social and ethical objectives. Objectives of Social audit (a) Determination of society’s needs: To determine the needs of the society and assessing the availability of resources to fulfil those needs. (b) Measures towards pollution control: To check whether the com- pany is taking adequate measures to control pollution in the sur- roundings. oT ? () Utilisation of resources: To check whether the company has util- ised its resources efficiently and efforts are made towards sus- tainable development. (a) Protection of consumer’s interests: To check whether the con- sumers are protected against unethical activities and hazardous products, ; () Employee welfare: To check whether the organisation has pro- vided necessary facilities for welfare of its employees and society in general. () Healthy working conditions: To check whether the organisation is providing healthy working conditions to its employees and the employees are protected against any unforeseen event,“advantages of Social Audit ¢ It builds a fair image of the organisation. © It promotes community participation in business activities. 2 Fasules environmental protection and pollution: free" surround. ings. It builds customer loyalty and trust. * Gives satisfaction to the employees and motivates them to work efficiently. + Itpromotes sustainable development of Q.14. Write a note on Propriety Audit. : [B.Com (Hons) 2015, B.Com (Gen) 2016] Propriety audit may be defined as evaluation of various actions and decisions of the organisation to see whether they have been executed in the best interest of the organisation or not. It is also concemed with the scrutiny of various decisions taken by the organization which may influence the public interest. On many occasions it is seen r more beneficial to . the economy. that employees et- ) expenses: To check whether all expenses have been incurred in the best interest of the organisation. @ personal benefit: To ensure that the employees are not deriving any personal benefit from any transaction. @ Honesty: To bring honesty and sincerity in the working of employ- ees. @ Utilisation of business funds: To ensure that business funds have been utilised only for business purposes. @ Expected results: To see whether the organization is yielding the expected results. 0. 15. Write a note on Povonnnce Audit. [B.Com (Hons) 2015] According to. the Comptroller and Auditor General of India, Perform- ance audit is an independent, objective and reliable examination of whether public sector undertakings, systems, operations, pro- grammes, activities or organizations are operating in accordance with ‘the principles of economy, efficiency and effec s. It also pro-(e) Provide information: To provide the oorptigas with Neces. sary information on the measures Het could be a Paied fo tine prove performance, i.e., economy, efficiency and effectiveness, dit .16. Write a note on Environment Au - [B.Com (Hons) 2012, 2015, B.Com (Gen) 2013, 2014, 2015) According to the United States Enviconatenta! Protection 4, cy (USEPA), Enviromental Audit may be defined 88 8 systematic, doe : mented, periodic and objective review by a sepulated entity of facility, operations and practices related to meeting poneeienial require. ments. In simple words, environment audit may be defined as evalua. vt tal performance of an organisation, ie, whether the d on benefits equivalent to costs imposed by it air, tion on the environment. It protects the environment from pollution of water, soil, etc. Objec of Environment audit Measures towards pollution control: To check whether the com. 2 —— eS Pany is taking adequate measures to control pollution in the sur.